Analysts Set Invesco Ltd. (NYSE:IVZ) Target Price at $26.36

Shares of Invesco Ltd. (NYSE:IVZ) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $26.4219.

Several equities research analysts have recently commented on IVZ shares. Royal Bank Of Canada upgraded Invesco from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $25.00 to $35.00 in a report on Wednesday, January 21st. Morgan Stanley set a $29.00 price target on shares of Invesco in a research note on Monday. BMO Capital Markets upped their price objective on shares of Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Fundamental Research set a $27.00 price objective on shares of Invesco in a research note on Friday, October 31st. Finally, Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th.

Invesco Stock Performance

Shares of IVZ opened at $28.63 on Friday. Invesco has a one year low of $11.60 and a one year high of $29.61. The company has a market cap of $12.74 billion, a PE ratio of 19.48, a P/E/G ratio of 0.49 and a beta of 1.65. The stock has a 50-day moving average of $26.59 and a 200-day moving average of $23.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 1.23.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.17. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the sale, the director directly owned 192 shares of the company’s stock, valued at approximately $4,523.52. The trade was a 99.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Invesco

A number of institutional investors have recently added to or reduced their stakes in IVZ. Capital A Wealth Management LLC lifted its position in shares of Invesco by 4,802.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after buying an additional 1,633 shares in the last quarter. CNB Bank purchased a new stake in shares of Invesco during the third quarter valued at approximately $26,000. Root Financial Partners LLC bought a new stake in Invesco during the third quarter worth $30,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the 3rd quarter worth $30,000. Finally, American National Bank & Trust bought a new stake in Invesco in the fourth quarter worth about $31,000. 66.09% of the stock is owned by institutional investors.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.